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UBS Completes Acquisition of Credit Suisse

04:53am, Monday, 12'th Jun 2023
UBS Group AG completed the deal to acquire former rival Credit Suisse Group AG, sealing the biggest merger in banking since the 2008 financial crisis and creating a global wealth-management titan. Mar
UBS said Monday that it has finalized its takeover of Credit Suisse AG, ending a monthslong saga that saw the collapse of one of Switzerland's biggest financial institutions.
Swiss bank UBS released an open letter Monday saying that it had formally completed the takeover of its rival Credit Suisse.
Credit Suisse Group AG Chief Executive Ulrich Koerner, in a memo circulated to employees on Friday, indicated that the bank's takeover by UBS Group AG will close on Monday. This is what is called
UBS AG is set to impose tight restrictions on Credit Suisse bankers, including a ban on new clients from high-risk countries and on complex financial products, the Financial Times said on Sunday, citi
Credit Suisse Group AG Chief Executive Ulrich Koerner has indicated to employees that the bank's takeover by UBS AG will close on Monday, Bloomberg News reported on Saturday, citing a memo.
UBS and the Swiss government have agreed on how they will share losses linked to the bank's emergency takeover of Credit Suisse, which will create a giant Swiss bank. The agreement clears the way for
UBS and the Swiss government agreed on Friday on how they will share losses linked to the bank's emergency takeover of Credit Suisse , clearing the way for the deal to close in the coming days.
UBS Chief Executive Sergio Ermotti hinted on Friday his bank's takeover of Credit Suisse will close on Monday, the earliest expected date.
UBS said Friday that it's signed a loss protection agreement with the Swiss government covering up to 9 billion francs ($10 billion) of losses once the takeover of Credit Suisse is completed.
UBS has signed an agreement with the Swiss government to cover up to 9 billion Swiss francs ($10.00 billion) in losses from its emergency takeover of Credit Suisse , the country's largest bank and gov
UBS and the Swiss government announced Friday that they had signed a loss protection agreement which will come into effect once the takeover of Credit Suisse is completed.
Credit Suisse and a joint venture partner are seeking buyers for their China securities brokerage business due to the Swiss bank's takeover by rival UBS , said two people with direct knowledge of the
A group of Japanese investors are planning to file lawsuits against some brokerages based in the country, including Mitsubishi UFJ Morgan Stanley Securities, over their sale of AT1 bonds issued by Cre
UBS acquired Credit Suisse for just CHF 3 billion, a very small amount of money for such a bank. Although the deal looks like a bargain, more problems for UBS are likely ahead. The employees are leavi
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